AMD CEO Projects 35% Annual Revenue Growth as Company Targets Nvidia's AI Chip Dominance
Summary
AMD CEO Lisa Su projects 35% annual revenue growth over the next three to five years, targeting double-digit market share in Nvidia's AI chip dominance with 80% annual data center growth and a major OpenAI partnership launching in 2026.
Key Points
- AMD CEO Lisa Su projects 35% annual revenue growth over the next three to five years, driven by what she calls 'insatiable' demand for AI chips
- The company aims to capture double-digit market share in the data center AI chip market currently dominated by Nvidia, which holds over 90% market share
- AMD's AI data center business expects to grow 80% annually and reach tens of billions in sales by 2027, including a major partnership with OpenAI starting in 2026